Newsmax Files With SEC for Initial Public Offering, Plans to List on NYSE
Newsmax Inc. tells TALKERS it has confidentially filed with the Securities and Exchange Commission an offering statement and expects to conduct an initial public offering later this year or in early 2025. The company seeks to raise up to $75 million in its public offering under Regulation A+, the largest offering of its kind to date on a national securities exchange. The company expects to apply to be listed on the NYSE under the ticker symbol “NMAX.”
The company’s subsidiary, Newsmax Media Inc., operates the nation’s fourth highest-rated cable news channel. In July, Nielsen reported that Newsmax was the seventh highest-rated cable channel overall among daytime viewers. Newsmax reaches more than 40 million Americans regularly through its platforms in television, streaming, online, and in print. “The success of our mission to provide Americans with honest and real news is reflected by our loyal and growing following,” Newsmax founder and CEO Christopher Ruddy tells TALKERS. In advance of this contemplated initial public offering, Newsmax has launched a private placement offering to raise $150 million.
For a limited time, eligible investors will be able to invest in this private offering. The private offering is solely available to accredited investors. Individuals interested in learning more about these Newsmax investment opportunities and registering an indication of interest can go to the green sign-up box at www.NewsmaxInvest.com to receive information.
and acquisitions. Berk is currently chairman and CEO of Goodman Media Partners, investing in early-stage media and tech companies. PodcastOne co-founder Kit Gray comments, “Jim has an impressive track record of working with public companies and has extensive knowledge of our business. We are thrilled to bring his expertise back in the company and on our board during this crucial period of growth for PodcastOne as we are launching our IPO.”